Commerzbank Aktiengesellschaft FI increased its position in shares of McDonald's Co. (NYSE:MCD) by 7.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 303,851 shares of the fast-food giant’s stock after buying an additional 21,333 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in McDonald's were worth $47,607,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Horan Capital Advisors LLC. acquired a new stake in McDonald's during the 3rd quarter worth approximately $104,000. Phocas Financial Corp. acquired a new stake in McDonald's during the 2nd quarter worth approximately $107,000. Proficio Capital Partners LLC lifted its holdings in McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in McDonald's by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after purchasing an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its holdings in McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 67.43% of the company’s stock.
Several analysts recently weighed in on MCD shares. Deutsche Bank set a $185.00 price target on McDonald's and gave the stock a “buy” rating in a report on Thursday, October 26th. BMO Capital Markets set a $175.00 price target on McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. set a $175.00 price objective on McDonald's and gave the company a “buy” rating in a report on Wednesday, October 25th. Barclays set a $182.00 price objective on McDonald's and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Argus reaffirmed a “buy” rating on shares of McDonald's in a report on Tuesday, October 17th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $184.95.
Shares of McDonald's Co. (NYSE MCD) traded down $1.88 during mid-day trading on Wednesday, reaching $160.52. The company had a trading volume of 2,331,511 shares, compared to its average volume of 4,308,042. The company has a market cap of $130,658.72, a price-to-earnings ratio of 25.22, a P/E/G ratio of 2.38 and a beta of 0.59. McDonald's Co. has a twelve month low of $125.45 and a twelve month high of $178.70. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.
McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.12. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. McDonald's’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS. sell-side analysts anticipate that McDonald's Co. will post 7.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.52%. The ex-dividend date is Wednesday, February 28th. McDonald's’s payout ratio is presently 63.52%.
In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the transaction, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The disclosure for this sale can be found here. Insiders have sold a total of 207,550 shares of company stock worth $35,118,055 over the last ninety days. Company insiders own 0.24% of the company’s stock.
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McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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